Sohu.com (NASDAQ:SOHU) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Sohu.com (NASDAQ:SOHU) from a hold rating to a buy rating in a research report sent to investors on Monday.

Sohu.com Price Performance

NASDAQ:SOHU opened at $14.11 on Monday. The company has a market cap of $456.50 million, a price-to-earnings ratio of -4.51 and a beta of 1.12. Sohu.com has a 1 year low of $10.12 and a 1 year high of $17.24. The stock’s 50 day simple moving average is $13.55 and its two-hundred day simple moving average is $13.86.

Sohu.com (NASDAQ:SOHU) last posted its earnings results on Tuesday, February 18th. The information services provider reported ($0.50) earnings per share for the quarter. The business had revenue of $134.68 million during the quarter. Sohu.com had a negative net margin of 16.76% and a negative return on equity of 8.49%. During the same period in the previous year, the business posted ($0.37) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SOHU. Connor Clark & Lunn Investment Management Ltd. increased its stake in Sohu.com by 166.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,642 shares of the information services provider’s stock worth $2,908,000 after acquiring an additional 115,407 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Sohu.com by 129.7% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 45,559 shares of the information services provider’s stock valued at $600,000 after purchasing an additional 25,721 shares during the last quarter. FMR LLC purchased a new stake in Sohu.com during the 3rd quarter valued at $3,774,000. Public Employees Retirement System of Ohio bought a new stake in Sohu.com in the third quarter worth $1,350,000. Finally, Vontobel Holding Ltd. purchased a new position in Sohu.com during the fourth quarter worth $144,000. Institutional investors own 33.02% of the company’s stock.

Sohu.com Company Profile

Sohu.com Limited engages in the provision of online media, video, and game products and services on personal computers (PCs) and mobile devices in China. It operates through two segments: Sohu and Changyou. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal m.sohu.com, and www.sohu.com for PCs; and online video content and services through mobile phone application Sohu Video APP and tv.sohu.com, as well as ifox, a video application for PC.